Landstar System Q2 2016 Earnings Report

Landstar System reported Q2 2016 revenue of $775 million and diluted earnings per share of $0.76, impacted by elevated insurance and claims costs. The transportation company faced pricing pressure in the trucking sector due to industry-wide capacity availability and soft demand, with revenue per load declining 9% year-over-year. Operating margin decreased to 43.9% from 50.5% in Q2 2015.